GREAT LAKES ADAPTIVE SPORTS ASSOCIATION (EIN 364285965) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

MICHAEL SORKIN

Phone

8472830908

Tax Period

2024-05-01 to 2025-04-30

GREAT LAKES ADAPTIVE SPORTS ASSOCIATION, founded in 1999, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2024.

Mission

TO DEVELOP INDIVIDUALS WITH A DISABILITY THROUGH RECREATIONAL FITNESS AND SPORTS ACTIVITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,554,438

Program Service Revenue $65,846

Investment Income $1,466

Other Revenue $-11,098

TOTAL REVENUE $1,610,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,078,595

Fundraising Expenses $133,099

Program Expenses $1,165,786

Other Expenses $568,125

TOTAL EXPENSES $1,646,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,610,652	$1,568,441	+0.0%
Expenses	$1,646,720	$1,354,529	+0.2%
Net Income	$-36,068	$213,912	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

330

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON SFIRE	PRESIDENT	7.00	Officer Director	$0	$0	$0
MICHAEL SORKIN	VICE PRESIDENT	2.00	Director	$0	$0	$0
JEFF MCMAHON	TREASURER	2.50	Officer Director	$0	$0	$0
TRACY MANHARD	SECRETARY	2.00	Officer Director	$0	$0	$0
MARILYN WIELAND	DIRECTOR	1.00	Director	$0	$0	$0
AL ZOLLER	DIRECTOR	3.00	Director	$0	$0	$0
SONYA HUIETT	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN POOLE	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF KENT	DIRECTOR	1.00	Director	$0	$0	$0
EMILY AKHTAR	DIRECTOR	1.00	Director	$0	$0	$0
TOM MCCABE	DIRECTOR	2.00	Officer Director	$0	$0	$0
KELLY M CANDOTTI	DEVELOPMENT DIRECTOR	40.00	Highest	$118,354	$0	$118,354

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,610,652	$1,646,720	$1,305,498	$-36,068
2024	$1,568,441	$1,354,529	$1,282,485	$213,912
2023	$1,527,479	$1,341,100	$1,108,265	$186,379
2022	$1,152,981	$959,113	$919,781	$193,868
2021	$838,249	$654,070	$734,782	$184,179
2020	$1,051,668	$1,083,100	$558,847	$-31,432
2019	$1,094,702	$1,144,845	$496,664	$-50,143

GREAT LAKES ADAPTIVE SPORTS ASSOCIATION